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MUST ETF · Columbia Multi-Sector Municipal Income ETF
The MUST Exchange Traded Fund (ETF) is provided by Columbia Threadneedle Investments. It is built to track an index: Beta Advantage Multi-Sector Municipal Bond Index. The MUST ETF provides physical exposure, so by buying it you actually own parts of all the 642 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 7/2/2026, 1:30 PM UTC
LIVE
CLOSED
This fund is part ofMunicipal Bonds1M perf.+0.71%
Last price
$20.73
1M perf.
+0.54%
1M flows
+€895K
AuM
€526M
TER
0.23%
Rating
MUST
$20.73
Performance & flows
Segment for quartile rank
April 2, 2026 → July 2, 2026
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MUST
$20.63
+1.95%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.54%  | +1.95% | +6.53% | +11.00% | +4.30% | -0.02% | -0.02% | +1.89% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
CUSIP
19761L607
ISIN
US19761L6074
AuM
€526M
TER
0.23%
Replication rating
More details
NAV
7/2/2026
$20.63
1D NAV change
+0.07%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
642
Inception date
10/10/2018
Jurisdiction
United States
Distribution
United States Minor Outlying Islands
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
ColumbiaMulti-SectorMunicipal Income ETF (the fund) seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Multi-Sector Municipal Bond Index (the index).
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +1.95% | +6.53% | +11.00% | +4.30% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
30.66%
Unavailable
69.34%
Sectors
Municipal
30.50%
Unavailable
69.34%
Other
0.16%
Diversification
Total weight of top 15 holdings out of 642
Top 15 holdings
Data as of May 31, 2026
US59333P7N26
US249182QF65
US646140JR50
US64985SDE00
New York Transportation Development Corp., 4.375% 1oct2045, USD (2020)
New York Metropolitan Transportation Authority, 4% 15nov2035, USD (2017C-1)
US67766WM740
New Jersey Transportation Trust Fund Authority, 5% 15dec2032, USD
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US46247SFR04
Illinois Toll Highway Authority, 5% 1jan2038, USD (2024)
US48504NCC11
US88285AJH23
Chicago O'Hare International Airport, 5% 1jan2048, USD
New Jersey Turnpike Authority, 5% 1jan2036, USD
US64972GJ217
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Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of June 30, 2026
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MUST
N/A
Replication quality
Calculated over 12m, as of June 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Columbia Threadneedle Investments
Columbia Threadneedle Investments ID Card
Number of funds
28
Total AuM
€11.43B
Expense ratio range
0.15% - 0.76%
Average expense ratio
0.3418%
Top 5 funds by Columbia Threadneedle Investments
| AuM | ||
|---|---|---|
RECS | Columbia Research Enhanced Core ETF | €5.07B |
CRUX | Columbia Core Bond ETF | €1.93B |
XCEM | Columbia EM ex-China ETF | €1.76B |
MUST | Columbia Multi-Sector Municipal Income ETF | €526M |
DIAL | Columbia Diversified Fixed Income Allocation ETF | €342M |
Frequently asked questions about MUST
What does Columbia Multi-Sector Municipal Income ETF, MUST, invest in?
MUST is a Passive ETF. This ETF provides exposure to US Mixed Ratings Municipal Bonds.
Which benchmark or index does MUST replicate?
MUST tracks the Beta Advantage Multi-Sector Municipal Bond Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of MUST?
MUST carries a total expense ratio (TER) of 0.23%, indicating the annual cost for holding the fund.
When was MUST launched?
MUST was introduced to the market on October 10, 2018. It trades on United States Minor Outlying Islands, among other exchanges
Who is the ETF issuer of MUST?
Columbia Multi-Sector Municipal Income ETF, MUST, is provided by Columbia Threadneedle Investments. Learn more about Columbia Threadneedle Investments here.
What is the current assets under management (AUM) of MUST?
MUST oversees €526M in assets as of July 2, 2026.
How has MUST performed lately?
Based on data from July 2, 2026, MUST returned 0.54% over the past month, 1.95% over the last three months and 1.89% year-to-date.
What are the latest inflows or outflows for MUST?
As of July 2, 2026, MUST recorded net flows of +€903K over the last month and +€59M year-to-date.
Does MUST distribute dividends?
MUST follows a distributing dividend policy, meaning it pays out income to investors. As of July 2, 2026, its 12-month trailing yield was 3.34%.
What are the main country or region exposures of MUST?
As of May 31, 2026, MUST has significant geographic allocations in USA.
In which sector or theme does MUST invest in?
As of May 31, 2026, MUST focuses largely on Municipal.
How many securities does MUST hold and how diversified is it?
As of May 31, 2026, MUST holds 642 positions in its portfolio, with 6.41% of assets concentrated in its top 15 holdings.
What are the main positions in MUST?
As of May 31, 2026, MUST top three holdings include US59333P7N26, US249182QF65 and US646140JR50.
What is the base currency of MUST?
The base currency of MUST is USD.
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